Sponsors
Billabong ▼ -0.020 | PPR ▼ 0.00 | American Apparel ▲ +0.013 | The Buckle ▼ -0.61 | Columbia ▼ -0.23 | Deckers Outdoor ▲ +0.54 | Dicks ▼ -0.01 | Foot Locker ▲ +0.48 | Genesco ▼ -0.02 | Iconix Brand Group ▲ +0.19 | Jarden Corp ▼ -0.83 | Nordstrom ▼ -0.37 | Luxottica ▲ +0.82 | Nike ▼ -0.66 | Pacific Sunwear ▼ -0.04 | Skullcandy ▼ -0.01 | Sport Chalet - 0 | Urban Outfitters ▼ -0.16 | VF Corp ▲ +0.15 | Quiksilver ▼ -0.03 | Zumiez ▼ -0.39 | Macys ▼ -0.46 | Tillys ▲ +0.11 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Industry Insight

MOSS ADAMS: Webinar 12/2 on internal controls to increase the value of your business.
AGENDA: 12/30 deadline to pre-register for Jan. 5-6 Long Beach show.
CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
Details on Industry Insight.


Tiffany Montgomery
Print This Article

Dick's Q1 results exceed expectations

By Tiffany Montgomery
May 18, 2010 6:00 AM

Dick’s Sporting Goods reported stronger than expected same store sales and profits this morning for the first quarter ended May 1.

As a result, the company raised earnings estimates for the year.

Q1 results

Net sales: up 9.9% to $1 billion

Total same store sales: up 8.2% vs. its forecast of a 2% to 3% increase.

Dick’s stores same store sales: up 7.6%

Golf Galaxy stores: up 12.4%

E-commerce same store sales: up 15.2%

Net income: $26.2 million, more than doubling vs. the same period last year.

Cash: $207 million

Long term debt and leasing obligations: $141 million

New stores: 5

Total stores: 424 in 41 states

Q2 forecast

Same store sales: up 4% to 5%

Full year forecast

Earnings per share of $1.41 to $1.44 vs. previous estimate of $1.32 to $1.35.

Same store sales: up 3% to 4%

New Dick’s stores: 24

 

 


Articles You Might Have Missed